Chemours: 2Q Earnings Snapshot
WILMINGTON, Del. (AP) _ Chemours Co. (CC) on Thursday reported second-quarter earnings of $96 million.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of 57 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 72 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The chemical company posted revenue of $1.41 billion in the period.
Chemours expects full-year earnings in the range of $2.37 to $3.08 per share.
Chemours shares have declined 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.16, a decline of 60% in the last 12 months.